MIRA INFORM REPORT

Report Date :

09.07.2013

IDENTIFICATION DETAILS

Name :	ASHOKA PROPERTIES PRIVATE LIMITED
Registered Office :	101, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East), Mumbai – 400055, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	22.01.2007
Com. Reg. No.:	11-167182
Capital Investment / Paid-up Capital :	Rs. 0.900 Million
CIN No.: [Company Identification No.]	U45200MH2007PTC167182
Legal Form :	Private Limited Liability Company
Line of Business :	Real Estate Developers.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 43900
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a subsidiary of Kalpataru Limited. It is an established company having a moderate track record. The company was successful in wiping off its accumulated losses during 2012. However, external borrowings appear to be huge which acts as a threat to the liquidity. Trade relations are fair. Business is active. Payment terms are slow but correct. In view of reputed holding company and experienced promoters, the subject can be considered for business dealings with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered/ Corporate Office :	101, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East), Mumbai – 400055, Maharashtra, India
Tel. No.:	91-22-30645000
Fax No.:	91-22-30643131
E-Mail :	manoj.thakar@kalpataru.com info@kalpataru.com
Website :	http://www.kalpataru.com
Thane Branch Office :	Kalpataru Properties (Thane) Private Limited Siddhachal Shopping Complex, 1st Floor, Pokhran Road No. 2, Near Vasant Vihar, Thane (West), Thane - 400601, Maharashtra, India
Tel. No.:	91-22-21713737/ 21713734
Fax No.:	91-22-21713735
E-Mail :	sales@kalpataru.com
Pune Branch Office :	Kalpataru Limited Plot No 2, Level 3 and 4, Galaxy Garden, Next to Mocha Café, North Main Road, Koregaon Park, Pune – 411001, Maharashtra, India
Tel. No.:	91-20-30413000
Pune Sales Office :	Kalpataru Limited Kalpataru Gardens, 9A, Boat Club Road, Opposite Narangi Baug, Next to HDFC Bank, Pune – 411001, Maharashtra, India
Tel. No.:	91-20-26162516
Fax No.:	91-20-30413016
E-Mail :	sales.pune@kalpataru.com

DIRECTORS

AS ON 28.09.2012

Name :

Mr. Parag Mofatraj Munot

Designation :

Director

Address :

“Munot Villa”, Westfield Compound Lane, 63K, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

02.06.1969

Date of Appointment :

25.01.2007

DIN No.:

00136337

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U70102MH1987PTC043077	LOCKSLEY HALL HILL RESORTS PRIVATE LIMITED	Director	07/03/1988	07/03/1988	-	Active	NO
2	U70100MH1981PTC025705	KALPATARU PREMISES PRIVATE LIMITED	Director	07/03/1988	07/03/1988	-	Active	NO
3	U45200MH1988PTC047902	KALPATARU PLAZA PRIVATE LIMITED	Director	12/09/1988	12/09/1988	-	Active	NO
4	U65990MH1981PTC025250	KALPATARU VINIYOG PRIVATE LIMITED	Director	13/09/1988	13/09/1988	-	Active	NO
5	U70100MH1979PTC021372	ASEEM PROPERTIES PRIVATE LIMITED	Director	13/09/1988	13/09/1988	-	Active	NO
6	U65990MH1981PTC024688	K C HOLDINGS PRIVATE LIMITED	Director	13/09/1988	13/09/1988	-	Active	NO
7	U45200MH1972PTC016155	KALPATARU ESTATES PRIVATE LIMITED	Director	13/09/1988	13/09/1988	08/08/2008	Active	NO
8	U65990MH1981PTC025251	KALPATARU HOLDINGS PRIVATE LIMITED	Director	26/09/1988	26/09/1988	-	Active	NO
9	U45200MH1988PTC050142	KARMAYOG BUILDERS PRIVATE LIMITED	Director	01/07/1989	01/07/1989	-	Active	NO
10	U45700MH1988PTC048330	MOTIWALA PROPERTIES PRIVATE LIMITED	Director	01/07/1989	01/07/1989	23/09/2008	Active	NO
11	U28920MH1960PTC011902	HEDAVKAR MECHANICAL WORKS PRIVATE LIMITED	Director	29/07/1989	29/07/1989	-	Active	NO
12	U45200MH1988PLC050144	KALPATARU LIMITED	Managing director	01/09/2010	01/10/1990	-	Active	NO
13	L40100GJ1981PLC004281	KALPATARU POWER TRANSMISSION LIMITED	Director	30/09/1991	30/09/1991	-	Active	NO
14	U74210MH1975PTC018371	KALPATARU PROPERTIES PRIVATE LIMITED	Director	03/07/1995	03/07/1995	-	Active	NO
15	U67120MH1993PTC073611	PUNARVASU HOLDING AND TRADING COMPANY PRIVATE LIMITED	Director	06/11/1995	06/11/1995	-	Active	NO
16	U67120MH1997PTC108014	MPM HOLDING PRIVATE LIMITED	Director	14/05/1997	14/05/1997	-	Active	NO
17	U65990MH1993PTC074069	SHOURI INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	02/06/1997	02/06/1997	-	Active	NO
18	U67120MH1993PTC073669	MRIGASHISH INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	02/06/1997	02/06/1997	-	Active	NO
19	U21098MH1994PTC081223	CORPORATE STATIONERY PRIVATE LIMITED	Director	10/09/1997	10/09/1997	01/10/2007	Active	NO
20	U36991MH1994PTC079387	EXCLUSIVE STATIONERY PRIVATE LIMITED	Director	05/12/1997	05/12/1997	31/12/2010	Active	NO
21	U45200MH1981PTC025796	PADMANAGAR CONSTRUCTIONS PRIVATE LIMITED	Director	19/01/1999	19/01/1999	-	Active	NO
22	U45200MH1986PTC038862	PRIME PROPERTIES PRIVATE LIMITED	Director	03/03/1999	03/03/1999	-	Active	NO
23	U36991MH1996PTC097740	DURABLE STATIONERY PRIVATE LIMITED	Director	31/05/1999	31/05/1999	-	Active	NO
24	U45200MH1993PTC074195	OMEGA REALTORS PRIVATE LIMITED	Director	31/05/1999	31/05/1999	-	Active	NO
25	U58628MH1990PTC058628	KALPATARU PROPERTIES (THANE) PRIVATE LIMITED	Director	01/06/1999	01/06/1999	01/02/2008	Active	NO
26	U51900MH1996PTC104259	DATABANK TRADING COMPANY( INDIA) PRIVATE LIMITED	Director	07/06/1999	07/06/1999	-	Active	NO
27	U72900MH1995PTC091301	DATABANK STATIONERY PRIVATE LIMITED	Director	07/06/1999	07/06/1999	-	Active	NO
28	U45201MH1993PTC074194	PUNARVASU CONSTRUCTIONS PRIVATE LIMITED	Director	08/07/1999	08/07/1999	-	Active	NO
29	U45200MH1981PTC025516	KALPATARU CONSTRUCTIONS PRIVATE LIMITED	Director	08/07/1999	08/07/1999	-	Active	NO
30	U14100MH1986PTC038820	RAJASTHAN STONES PRIVATE LIMITED	Director	08/07/1999	08/07/1999	-	Active	NO
31	U67120MH1993PTC074181	YUGDHARM INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	08/07/1999	08/07/1999	25/03/2010	Active	NO
32	U70100MH1972PTC015697	PARAG-PREM BUILDERS PRIVATE LIMITED	Director	18/11/1999	18/11/1999	-	Active	NO
33	U51900MH1998PTC117498	ARGOS INTERNATIONAL MARKETING PRIVATE LIMITED	Director	16/08/2000	16/08/2000	15/03/2011	Active	NO
34	U72200MH2000PTC127698	INDIA OFFICESOLUTIONS PRIVATE LIMITED	Director	11/09/2000	11/09/2000	-	Active	NO
35	U30007MH1996PTC102183	DATABANK OFFICE STAPLES (INDIA) PRIVATE LIMITED	Director	11/10/2000	11/10/2000	-	Active	NO
36	U72900MH2000PTC127685	KALPATARU E-VISION PRIVATE LIMITED	Director	11/10/2000	11/10/2000	-	Active	NO
37	U45201MH1993PTC075405	YUGDHARM REAL ESTATE PRIVATE LIMITED	Director	11/10/2000	11/10/2000	-	Active	NO
38	U51900MH1950PTC007986	P K VELU AND COMPANY PRIVATE LIMITED	Director	11/10/2000	11/10/2000	-	Active	NO
39	U51900MH1992PTC065305	CAPRIHANS INTERNATIONAL IMPEX PRIVATE LIMITED	Director	11/10/2000	11/10/2000	-	Active	NO
40	U45303MH2000PTC128447	KALPATARU ENERGY (INDIA) PRIVATE LIMITED	Director	11/10/2000	11/10/2000	-	Active	NO
41	U30007MH1996PTC102320	YUGDHARAM HOLDINGS PRIVATE LIMITED	Director	11/10/2000	11/10/2000	-	Active	NO
42	U51900MH1996PTC104040	DURABLE TRADING COMPANY PRIVATE LIMITED	Director	11/10/2000	11/10/2000	09/04/2010	Active	NO
43	U45200MH1996PTC103763	KALPATARU LAND PRIVATE LIMITED	Director	11/10/2000	11/10/2000	01/02/2008	Active	NO
44	U36991MH2000PTC126883	CORPORATE OFFICE PRODUCTS (INDIA) PRIVATE LIMITED	Director	11/10/2000	11/10/2000	31/03/2010	Active	NO
45	U45200MH1982PTC026027	KALPATARU LAND (SURAT) PRIVATE LIMITED	Director	11/10/2000	11/10/2000	01/02/2008	Active	NO
46	U25200MH1983PTC029201	ASSOCIATED LUGGAGE COMPANY PRIVATE LIMITED	Director	11/10/2000	11/10/2000	28/07/2011	Active	NO
47	U70100MH1973PTC016587	SONA PROPERTIES PRIVATE LIMITED	Director	11/10/2000	11/10/2000	13/04/2011	Active	NO
48	U24239MH1950PTC008016	NEO PHARMA PRIVATE LIMITED	Director	11/10/2000	11/10/2000	15/02/2011	Active	NO
49	U45202MH2000PTC129761	KALPATARU RETAIL VENTURES PRIVATE LIMITED	Director	27/11/2000	27/11/2000	-	Active	NO
50	U45102MH2000PTC129762	LIFESTYLE PROPERTY VENTURES PRIVATE LIMITED	Director	27/11/2000	27/11/2000	-	Active	NO
51	U45102MH2000PTC129763	PROPERTY SOLUTIONS (INDIA) PRIVATE LIMITED	Director	27/11/2000	27/11/2000	12/01/2010	Active	NO
52	U92112MH2000PTC129880	KALPATARU THEATRES PRIVATE LIMITED	Director	05/12/2000	05/12/2000	-	Active	NO
53	U51900MH1997PTC105243	MAXIMUM IMPEX PRIVATE LIMITED	Director	25/05/2001	25/05/2001	27/03/2010	Active	NO
54	U45201MH2002PTC134393	SHOURI PROPERTIES PRIVATE LIMITED	Director	01/01/2002	01/01/2002	-	Active	NO
55	U45201MH2002PTC134395	MRIGASHISH PROPERTIES PRIVATE LIMITED	Director	01/01/2002	01/01/2002	30/12/2009	Active	NO
56	U45201MH2002PTC134396	ANANTA LANDMARKS PRIVATE LIMITED	Director	01/01/2002	01/01/2002	24/12/2008	Active	NO
57	U45201MH2002PTC134610	DURABLE REALTY (INDIA ) PRIVATE LIMITED	Director	17/01/2002	17/01/2002	30/12/2009	Active	NO
58	U45201MH2002PTC135718	K V PROPERTY VENTURES PRIVATE LIMITED	Director	01/05/2002	01/05/2002	-	Active	NO
59	U45201MH2003PTC143709	MRIGASHISH CONSTRUCTIONS PRIVATE LIMITED	Director	29/12/2003	29/12/2003	-	Active	NO
60	U45201MH2003PTC143708	SHOURI CONSTRUCTIONS PRIVATE LIMITED	Director	29/12/2003	29/12/2003	-	Active	NO
61	U99999MH1964PTC012833	KALPATARU GARDENS PRIVATE LIMITED	Director	11/05/2004	11/05/2004	01/02/2008	Active	NO
62	U45200MH1995PTC092354	SHRAVASTI PROPERTY PRIVATE LIMITED	Director	11/05/2004	11/05/2004	13/04/2011	Active	NO
63	U67120MH1992PTC066543	BHRAMAR INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	10/06/2004	10/06/2004	-	Active	NO
64	U17100MH1985PTC037041	AMRITA POLYTEX PRIVATE LIMITED	Director	15/07/2004	15/07/2004	-	Active	NO
65	U51909MH2003PTC141918	SFURTI IMPEX PRIVATE LIMITED	Director	15/07/2004	15/07/2004	-	Active	NO
66	U51909MH2003PTC141813	SFURTI MULTITRADE PRIVATE LIMITED	Director	15/07/2004	15/07/2004	-	Active	NO
67	U74140MH2001PTC133770	FINE BUSINESS FACILITATORS PRIVATE LIMITED	Director	15/07/2004	15/07/2004	28/07/2011	Active	NO
68	U24230MH1994PTC079343	WONDER CURE PHARMACEUTICALS P LIMITED	Director	15/07/2004	15/07/2004	27/03/2007	Active	NO
69	U67120MH2003PTC142436	BRIDGE EQUITIES PRIVATE LIMITED	Director	26/08/2004	26/08/2004	28/07/2011	Active	NO
70	U70100MH2005PTC155203	AZURE TREE PROPERTIES PRIVATE LIMITED	Director	08/08/2005	08/08/2005	-	Active	NO
71	U45200MH2005PTC156706	AZURE TREE CONSTRUCTIONS PRIVATE LIMITED	Director	13/10/2005	13/10/2005	-	Active	NO
72	U45200MH2005PTC156705	AXIOM CONSTRUCTIONS PRIVATE LIMITED	Director	13/10/2005	13/10/2005	28/09/2007	Active	NO
73	U55100MH2004PTC149500	JAL MAHAL RESORTS PRIVATE LIMITED	Director	13/11/2006	13/11/2006	07/12/2009	Active	NO
74	U45201MH2006PLC166598	SAICHARAN PROPERTIES LIMITED	Director	21/06/2008	15/01/2007	14/06/2011	Active	NO
75	U45200MH2007PTC167182	ASHOKA PROPERTIES PRIVATE LIMITED	Director	25/01/2007	25/01/2007	-	Active	NO

Name :

Mr. Narendra Shantilal Lodha

Designation :

Director

Address :

3C, 101 and 102, Kalpataru Estate, Building No. 3 CHS Limited, Jogeshwari Vikroli Link Road, Andheri (East), Mumbai – 400093, Maharashtra, India

Date of Birth/Age :

10.11.1963

Date of Appointment :

15.07.2008

DIN No.:

00318630

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U45200MH1995PTC092354	SHRAVASTI PROPERTY PRIVATE LIMITED	Director	30/09/2006	10/11/2005	09/09/2010	Active	NO
2	U45200MH1983PTC029302	SUSME BUILDERS PRIVATE LIMITED	Director	30/09/2006	28/02/2006	-	Active	NO
3	U45201RJ2006PTC023148	SWARN BHUMI TOWNSHIP PRIVATE LIMITED	Director	28/12/2007	28/09/2007	-	Active	NO
4	U45200MH2007PTC173305	AMBROSIA REAL ESTATE PRIVATE LIMITED	Director	15/09/2008	01/02/2008	-	Active	NO
5	U45200MH2007PTC173551	ARIMAS REAL ESTATE PRIVATE LIMITED	Director	15/09/2008	01/02/2008	-	Active	NO
6	U45201MH2007PTC173899	ARDOUR REAL ESTATE PRIVATE LIMITED	Director	16/09/2008	01/02/2008	-	Active	NO
7	U45200MH2007PLC173306	AMBER REAL ESTATE LIMITED	Director	15/09/2008	01/02/2008	-	Active	NO
8	U45200MH1996PTC103763	KALPATARU LAND PRIVATE LIMITED	Director	15/09/2008	01/02/2008	-	Active	NO
9	U70100MH2007PTC172270	AURA REAL ESTATE PRIVATE LIMITED	Director	15/09/2008	01/02/2008	-	Active	NO
10	U45200MH2007PTC167182	ASHOKA PROPERTIES PRIVATE LIMITED	Director	15/07/2008	01/02/2008	-	Active	NO
11	U45201MH2006PLC166598	SAICHARAN PROPERTIES LIMITED	Director	21/06/2008	01/02/2008	-	Active	NO
12	U45203MH2008PTC181808	KIAH PROPERTIES PRIVATE LIMITED	Director	01/05/2008	01/05/2008	31/03/2011	Active	NO
13	U45203MH2008PTC181810	KANANI REAL ESTATE PRIVATE LIMITED	Director	01/05/2008	01/05/2008	31/03/2011	Active	NO
14	U45202MH2008PTC181806	KIAH CONSTRUCTIONS PRIVATE LIMITED	Director	01/05/2008	01/05/2008	31/03/2011	Active	NO
15	U45203MH2008PTC181811	KANANI PROPERTIES PRIVATE LIMITED	Director	01/05/2008	01/05/2008	-	Active	NO
16	U45203MH2008PTC181809	KIAH REAL ESTATE PRIVATE LIMITED	Director	01/05/2008	01/05/2008	-	Active	NO
17	U45203MH2008PTC181807	KALPATARU LANDMARKS PRIVATE LIMITED	Director	01/05/2008	01/05/2008	-	Active	NO
18	U45200MH2008PLC185214	KALPATARU HOMES LIMITED	Director	30/07/2008	30/07/2008	03/03/2011	Active	NO
19	U45201MH2002PTC134396	ANANTA LANDMARKS PRIVATE LIMITED	Director	23/09/2009	15/12/2008	-	Active	NO
20	U45300MH2008PTC178011	ARDOUR DEVELOPERS PRIVATE LIMITED	Director	26/08/2010	17/11/2009	-	Active	NO
21	U45102MH2000PTC129763	PROPERTY SOLUTIONS (INDIA) PRIVATE LIMITED	Director	29/09/2010	22/12/2009	-	Active	NO
22	U51900MH1997PTC105243	MAXIMUM IMPEX PRIVATE LIMITED	Director	23/07/2010	26/03/2010	-	Active	NO
23	U45201RJ2007PTC024702	GIRIRAJKRIPA DEVELOPERS PRIVATE LIMITED	Director	28/09/2010	30/03/2010	-	Active	NO
24	U36991MH2000PTC126883	CORPORATE OFFICE PRODUCTS (INDIA) PRIVATE LIMITED	Director	23/07/2010	30/03/2010	-	Active	NO
25	U01403MH2007PTC172724	ABACUS ENVIRO FARMS PRIVATE LIMITED	Director	30/09/2010	01/04/2010	03/03/2011	Active	NO
26	U01403MH2007PTC172349	ASPEN ORCHARDS PRIVATE LIMITED	Director	29/07/2010	01/04/2010	28/12/2012	Active	NO
27	U01403MH2007PTC172514	AGILE ORCHARDS PRIVATE LIMITED	Director	29/07/2010	01/04/2010	28/12/2012	Active	NO
28	U01403MH2007PTC172351	ANANT ORCHARDS PRIVATE LIMITED	Director	11/08/2010	01/04/2010	-	Active	NO
29	U27209TN1982PTC009485	P S ELECTRICALS PRIVATE LIMITED	Director	30/09/2011	19/01/2011	-	Active	NO
30	U45203MH2007PTC176643	ARIMAS DEVELOPERS PRIVATE LIMITED	Director	01/08/2011	04/03/2011	-	Active	NO
31	U70102MH2008PTC177239	AGILE REAL ESTATE PRIVATE LIMITED	Director	28/12/2011	14/12/2011	-	Active	NO

Name :

Mr. Suhas Ratilal Merchant

Designation :

Director

Address :

Trupti, 1133/2, Shivali Nagar, Pune – 411016, Maharashtra, India

Date of Birth/Age :

09.12.1948

Date of Appointment :

15.07.2008

DIN No.:

00330351

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72200PN2000PTC014837	CONSTRO INFOTECH PRIVATE LIMITED	Director	28/04/2000	28/04/2000	-	Strike off	NO
2	U74210MH1975PTC018371	KALPATARU PROPERTIES PRIVATE LIMITED	Director	26/02/2003	26/02/2003	-	Active	NO
3	U58628MH1990PTC058628	KALPATARU PROPERTIES (THANE) PRIVATE LIMITED	Director	12/07/2004	12/07/2004	-	Active	NO
4	U45201MH2002PTC134396	ANANTA LANDMARKS PRIVATE LIMITED	Director	29/08/2006	07/12/2005	-	Active	NO
5	U45200MH1983PTC029302	SUSME BUILDERS PRIVATE LIMITED	Director	28/02/2006	28/02/2006	-	Active	NO
6	U55100MH2004PTC149500	JAL MAHAL RESORTS PRIVATE LIMITED	Director	13/11/2006	13/11/2006	-	Active	NO
7	U70101RJ2005PTC020688	CLASSIC BUILDHOME PRIVATE LIMITED	Director	19/09/2007	04/07/2007	-	Active	NO
8	U45201RJ2006PTC023148	SWARN BHUMI TOWNSHIP PRIVATE LIMITED	Director	28/12/2007	28/09/2007	-	Active	NO
9	U45200MH2007PTC173304	ARGAN REAL ESTATE PRIVATE LIMITED	Director	18/08/2008	01/02/2008	10/07/2012	Active	NO
10	U45400MH2007PTC176168	ASTRUM DEVELOPERS PRIVATE LIMITED	Director	18/09/2008	01/02/2008	-	Active	NO
11	U70102MH2007PTC173337	ABACUS REAL ESTATE PRIVATE LIMITED	Director	15/09/2008	01/02/2008	-	Active	NO
12	U45200MH1996PTC103763	KALPATARU LAND PRIVATE LIMITED	Director	15/09/2008	01/02/2008	-	Active	NO
13	U70100MH2007PTC172270	AURA REAL ESTATE PRIVATE LIMITED	Director	15/09/2008	01/02/2008	-	Active	NO
14	U45200MH2007PTC167182	ASHOKA PROPERTIES PRIVATE LIMITED	Director	15/07/2008	01/02/2008	-	Active	NO
15	U45200MH2007PTC170905	KALPATARU CONSTRUCTIONS (POONA) PRIVATE LIMITED	Director	15/09/2008	01/02/2008	-	Active	NO
16	U45200MH2008PTC178012	ARDOUR PROPERTIES PRIVATE LIMITED	Director	15/09/2008	18/03/2008	-	Active	NO
17	U45300MH2008PTC178011	ARDOUR DEVELOPERS PRIVATE LIMITED	Director	26/08/2010	17/11/2009	-	Active	NO
18	U01403MH2007PTC172515	ANANT ENVIRO FARMS PRIVATE LIMITED	Director	30/09/2010	01/04/2010	05/02/2013	Active	NO
19	U01403MH2007PTC172724	ABACUS ENVIRO FARMS PRIVATE LIMITED	Director	30/09/2010	01/04/2010	-	Active	NO
20	U01403MH2007PTC172833	ARENA ORCHARDS PRIVATE LIMITED	Director	30/09/2010	01/04/2010	-	Active	NO
21	U01403MH2007PTC173040	AMBER ENVIRO FARMS PRIVATE LIMITED	Director	20/09/2010	01/04/2010	-	Active	NO
22	U01403MH2007PTC172853	ASTRUM ORCHARDS PRIVATE LIMITED	Director	20/09/2010	01/04/2010	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2012

Names of Shareholders	No. of Shares
Kalpataru Limited, India	89940
Mofatraj P. Munot [Nominee of Kalpataru Limited, India]	10
Parag Mofatraj Munot [Nominee of Kalpataru Limited, India]	10
Monica P. Munot [Nominee of Kalpataru Limited, India]	10
Sudha R. Golechha [Nominee of Kalpataru Limited, India]	10
Sunita V. Choraria [Nominee of Kalpataru Limited, India]	10
Rajesh B. Golechha [Nominee of Kalpataru Limited, India]	10
Total	90000

AS ON 28.09.2012

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Real Estate Developers.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Axis Bank Limited, Corporate Credit Branch, Axis House, Ground Floor, C-2, Wadia International Centre, P.B. Road, Worli, Mumbai - 400025, Maharashtra, India

Facilities :

Secured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
SHORT TERM BORROWINGS
Loan from Others	0.000	400.000
Total	0.000	400.000

Banking Relations :	--
Financial Institution :	LIC Housing Finance Limited, Bombay Life Building, 2nd Floor, 45/47, Veer Nariman Road, Mumbai - 400001, Maharashtra, India
Auditors :
Name :	MGB and Company Chartered Accountants
Address :	Jolly Bhavan 2, 1st Floor, 7, New Marine Lines, Churchgate, Mumbai – 400020, Maharashtra, India
Tel. No.:	91-22-66332330
Fax No.:	91-22-66351545
E-Mail :	mgbco@mgbco.com
Income-tax PAN of auditor or auditor's firm :	AAAFM5742R
Holding Company :	Kalpataru Limited, India [U45200MH1988PLC050144]
Fellow Subsidiaries :	ö Abacus Enviro Farms Private Limited ö Abacus Orchards Private Limited ö Abacus Real Estate Private Limited ö Abhiruchi Orchards Private Limited ö Agile Enviro Farms Private Limited ö Agile Orchards Private Limited ö Amber Enviro Farms Private Limited ö Amber Orchards Private Limited ö Ambrosia Enviro Farms Private Limited ö Ambrosia Real Estate Private Limited ö Anant Enviro Farms Private Limited ö Anant Orchards Private Limited ö Appropriate Enviro Farms Private Limited ö Ardour Properties Private Limited ö Ardour Real Estate Private Limited ö Ardour Developers Private Limited ö Arena Orchards Private Limited ö Arimas Real Estate Private Limited ö Ashoka Orchards Private Limited ö Aspen Enviro Farms Private Limited ö Aspen Orchards Private Limited ö Astrum Developers Private Limited ö Astrum Orchards Private Limited ö Aura Enviro Farms Private Limited ö Aura Orchards Private Limited ö Aura Real Estate Private Limited ö Axiom Orchards Private Limited ö Azure Tree Enviro Farms Private Limited ö Azure Tree Lands Private Limited ö Azure Tree Orchards Private Limited ö Girirajkripa Developers Private Limited ö Kalpataru Constructions (Poona) Private Limited ö Kalpataru Properties (Thane) Private Limited ö Kalpataru Gardens Private Limited ö Kalpataru Land (Surat) Private Limited ö Kalpataru Land Private Limited ö Kalpataru Retail Ventures Private Limited ö Kiyana Properties Private Limited ö Propnova Properties Private Limited ö Shravasti Property Private Limited ö Sona Properties Private Limited ö Swam Bhumi Township Private Limited ö Arimas Developers Private Limited ö Kiah Constructions Private Limited ö Kiah Properties Private Limited ö Kanani Real Estate Private Limited
Firms/ Enterprises Controlled by the Holding Company :	ö Kalpataru + Sharyans ö Kalpataru Constructions (Pune) ö Kalpataru Enterprises ö Kamdhenu Constructions ö Kalpataru Shubham Enterprises ö Ananta Ventures LLP ö Kaipak Property Ventures LLP ö Azure Tree Developers LLP ö Kiyana Ventures LLP ö Mango People Homes LLP [Upto 10.11.2011] ö Kalpa-Taru Property Ventures LLP ö Aseem Ventures LLP ö Kanani Developers LLP ö Shravasti Ventures LLP ö Kara Property Ventures LLP

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs. 10/- each	Rs. 1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
90,000	Equity Shares	Rs. 10/- each	Rs. 0.900 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.900	0.100
(b) Reserves & Surplus	10.082	(0.697)
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	10.982	(0.597)
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	632.984	621.957
(b) Trade payables	32.757	40.974
(c) Other current liabilities	76.693	6.468
(d) Short-term provisions	3.989	0.000
Total Current Liabilities (4)	746.423	669.399
TOTAL	757.405	668.802
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.979	0.329
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.004	1.537
(d) Long-term Loan and Advances	0.000	0.245
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	0.983	2.111
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	665.191	620.831
(c) Trade receivables	68.553	0.000
(d) Cash and cash equivalents	21.507	4.378
(e) Short-term loans and advances	1.142	41.476
(f) Other current assets	0.029	0.006
Total Current Assets	756.422	666.691
TOTAL	757.405	668.802

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.100
2] Share Application Money		0.000
3] Reserves & Surplus		0.683
4] (Accumulated Losses)		0.000
NETWORTH		0.783
LOAN FUNDS
1] Secured Loans		375.000
2] Unsecured Loans		50.538
TOTAL BORROWING		425.538
DEFERRED TAX LIABILITIES		0.000
TOTAL		426.321
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.274
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERRED TAX ASSETS		1.486
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	430.163
	Sundry Debtors	0.000
	Cash & Bank Balances	1.411
	Other Current Assets	0.000
	Loans & Advances	5.559
Total Current Assets		437.133
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	11.494
	Other Current Liabilities	1.089
	Provisions	0.000
Total Current Liabilities		12.583
Net Current Assets		424.550
MISCELLANEOUS EXPENSES		0.011
TOTAL		426.321

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income
		Other Income
		TOTAL	140.346	0.146	2.318
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	123.868	0.333	2.441
	PROFIT/ (LOSS) BEFORE TAX		16.478	(0.187)	(0.123)
Less	TAX		5.698	1.194	(1.353)
	PROFIT/ (LOSS) AFTER TAX		10.780	(1.381)	1.230
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(0.698)	0.683	(0.547)
	BALANCE CARRIED TO THE B/S		10.082	(0.698)	0.683
	Earnings/ (Loss) Per Share (Rs.)		119.78	(138.06)	123.03

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	7.68	(945.89)	53.06
Return on Total Assets (PBT/Total Assets}	(%)	2.18	(0.03)	(0.03)
Return on Investment (ROI) (PBT/Networth)		1.50	0.31	(0.16)
Debt Equity Ratio (Total Debt/Networth)		57.64	(1041.80)	(543.47)
Current Ratio (Current Asset/Current Liability)		1.01	1.00	34.74

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOANS

Unsecured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
SHORT TERM BORROWINGS
Loans and Advances from related parties
Holding Company	532.632	221.957
Others	100.351	0.000
Total	632.983	221.957

Note:

The registered office of the company has been shifted from Unit No. F-1, 1st Floor, Shanti Nagar Co-operative Industrial Estate Limited, Vakola, Santacruz (East), Mumbai – 400055, Maharashtra, India to the present w.e.f.03.02.2007

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U45200MH2007PTC167182
Name of the company	ASHOKA PROPERTIES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	101, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East), Mumbai – 400055, Maharashtra, India Email: manoj.thakar@kalpataru.com
This form is for	Creation of charge
Type of charge	Immovable property Book debts Others [Entire current assets of "Kalpataru Serenity"]
Particular of charge holder	Axis Bank Limited, Corporate Credit Branch, Axis House, Ground Floor, C-2, Wadia International Centre, P.B. Road, Worli, Mumbai - 400025, Maharashtra, India Email: aslam.merchant@axisbank.com CIN No.: L65110GJ1993PLC020769
Nature of description of the instrument creating or modifying the charge	Indenture of Mortgage dated 29th June, 2012 executed between the Company (Mortgagor), Subhash Samudaik Sahakari Shetki Sangh Limited (Confirming Party) in favour of AXIS Bank Limited (Mortgagee) as security for Line of Credit Facility of Rs.750.000 Millions sanctioned by AXIS Bank Limited.
Date of instrument Creating the charge	29.06.2012
Amount secured by the charge	Rs. 750.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Base rate (Currently 10%) plus 3.85% i.e.13.85% p.a. payable at monthly intervals as per Sanction Letter No. AXISB/CO/MC/RGK/O-151/11-12 dated 08.06.2012. Terms of Repayment The Repayment will be in four equal quarterly installments starting after end of 27 months from the date of first disbursement. Margin As per Sanction Letter No. AXISB/CO/MC/RGK/O-151/11-12 dated 08.06.2012. Extent and Operation of the charge Mortgage charge on all that piece and parcel of N.A. land, adm. 68325.03 sq.mts. bearing S.No.93/2, 95/5 and 164, situated at Village Manjri Budruk, Tal. Haveli, District Pune, (Excluding sold area of 169326 sq.ft.) (as described in Sch II of IOM) and all plant and mach. attached to earth, both present and future and First Charge on entire current assets of project including inventory, sale proceeds etc.(As described in Sch.III of IOM).
Short particulars of the property charged	Mortgage of all that piece and parcel of non-agricultural land, adm. 68325.03 sq.mts. (after excluding area of 810 sq. mtrs. falling under Roads and 464.97 sq. mtrs. for MSEDCL Sub-Station) bearing Sur.No.93/2, 95/5 and 164 situated at Village Manjri Budruk, Tal Haveli, District Pune together with proposed building/s thereon and all FSI/TDR rights together with all buildings and structures thereon all plant and machinery attached to the earth or permanently fastened to anything attached to the earth, both present and future (excluding the area of flats sold as per annexure I to IOM) Charge on entire current assets of project including inventory, sale proceeds etc.

CONTINGENT LIABILITIES:

Bank guarantee issued in favour of Maharashtra Pollution Control Board Rs. 1.000 Million

FIXED ASSETS:

ö Furniture and Fixture

ö Computers

ö Construction Equipments

ö Office Equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime : Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 61.05
UK Pound	1	Rs. 90.89
Euro	1	Rs. 78.27

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	2
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.